Friday, May 4, 2012

Jobs report

Stocks sank on Friday, with the broader market posting its biggest weekly decline this year after a disappointing report on jobs in the United States.

(New York Times)

The Labor Department issued its monthly employment report on Friday and the news wasnt good. Payrolls did increase with 115,000 positions but that was less than the month before and far less than what most economists were expecting.

(NPR News)

(CNN)-- Hands down, its the most important monthly economic report in the race for the White House. And Aprils numbers from the Labor Department didnt provide President Obama a lot to brag about.

(CNN)

Friday's jobs report for April was even more disappointing than March.

(The Christian Science Monitor)

The addition of just 115,000 jobs in April was disappointing, but economists urged no panic just yet. Maybe the unusually warm winter had encouraged companies to do their spring hiring a little early, they offered in one of several theories.

(New York Times)

The April jobs report, issued by the Labor Department, was eagerly anticipated by policymakers and analysts seeking clues about the economys direction.

(Los Angeles Times)

NEW YORK -(Dow Jones)- A flat reading from the U.S. jobs market sank stocks and plunged the Nasdaq to its biggest single-session drop since November. Stocks shot lower at the open and remained pinned down for the duration of Fridays trading.

(NASDAQ)

WASHINGTON -- Mitt Romney responded to Fridays weaker-than-expected job numbers with a sweeping denunciation, declaring it a terrible and very disappointing report -- evidence of an economy that is slowing down, not speeding up.